Minister Eduard Hellvig stated yesterday that Antifraud Office officers that will be deployed for a month or two to the Regional Development and Tourism Ministry’s (MDRT) Control Body will conduct verifications at the National Investments Company and the National Housing Agency (ANL). Hellgiv stated that on Monday he will send the Internal Affairs Ministry’s request [...]
On Friday, June 6, the Cluj Court of Appeal heard the appeal filed by former health minister Sorina Pintea in the case in which she was accused of bribery, upholding the sentence decided by the Cluj Tribunal a year ago: 42 months of jail with execution. At the same time, the court decided to confiscate […]
Romania’s retail sales volume index increased by 0.4% y/y in April 2025, after the annual growth rate had decelerated to +3.5% y/y in Q1 from an average of +8.6% y/y in 2024, according to data published by the statistics office INS. Sales readings will likely remain weak in May, reflecting households’ concerns ahead of the […]
Because of the slower-than-anticipated GDP growth in Q1 (+0.3% y/y) and also accounting for high-frequency data signals for the second quarter, Erste Group has revised its full-year GDP growth forecast for this year to 1.3% from 1.8%. This is close to the government's 1.4% revised forecast issued in May. Due to the much-anticipated fiscal consolidation […]
Romania’s GDP increased by an average of 0.1 q/q over the past five quarters to Q1 2025, when it posted a meager 0.3% y/y advance and quarterly standstill (+0% q/q), according to data published by the statistics office INS. The new data provides details on specific formation and utilization segments but confirms the overall economic […]
Cristian Chivu has been named head coach of Inter Milan's First Team, marking a new chapter in his long-standing relationship with the club. The 43-year-old Romanian has signed a contract with Inter until June 30, 2027. “During his life, Cristian Eugen Chivu has faced major challenges and defining moments that shaped him, both as a […]
Women represent just over 1 in 5 investment professionals (21%), while only 12% of senior managers are women (11 out of 90), according to the 2025 report Gender Diversity in Private Equity and Venture Capital in Romania launched by Level 20 CEE - Romania and the Romanian Private Equity Association (ROPEA). The research, covering the […]
